Just a passing thought: Morgan Stanley, the GP, wants to reduce its exposure to the commodities market. Could this mean that they want to exit TLP? The perfect buyer is the big kahuna of MLP,s, Kinder Morgan. Given TLP's partial ownership of the BOSTCO development, KMP might jump at the opportunity to own the whole shebang. One Morgan to another. Who knows
The need to shore up capital ratios, the focus towards wealth management and the newly voiced distaste for commodities might lead them to the sale. As I said, just a passing thought. TLP is fine as it is with one of the best DCF coverage ratios among the MLP's which I have reviewed.